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  • LIC MF Banking & PSU Fund (Dividend Payout - Weekly)

Formerly LIC MF Banking & PSU Debt Wk IDCW-P

LIC Mutual Fund

LIC MF Banking & PSU Fund (Dividend Payout - Weekly)

DebtBanking And Psu

10.0624

NAV (Jun 12)

2.9%
3 Year CAGR
Scripbox Opinion
Not Recommended
Click here for top ranked funds in banking and psu mutual funds.

Banking and psu funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.

Banking and PSU Funds are mandated to invest a minimum of 80% of total assets in debt instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions.

They tend to invest in medium to long duration securities and hence are exposed to higher variations when interest rates change.

The category accounts for close to 8% of the total assets in the Debt Segment.

We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Neutral

The performance of the fund on a Fund Size metric has been Neutral

Rolling Returns

Poor

The performance of the fund on a Rolling Returns metric has been Poor

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Scripbox Recommended Debt Funds
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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

10.0624

NAV (Jun 12)

Fund Returns

Last 1Y
6.4%
Last 3Y
4.8%
Last 5Y
5.8%
Last 10Y
6.5%
Since Inception
7%
6 Month CAGR
3.8%

Scheme Information

Investment Objective

The primary investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks,public sector undertakings,public financial institutions and Municipal Bonds. There is no assurance that the investment objective of the Scheme will be realized.

Expense Ratio
0.78
Launched (17y ago)
May 28, 2007
AUM in Crores
1410.121
ISIN
INF767K01568
Lock-in
No Lock-in
Benchmark
NIFTY Banking & PSU Debt TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
1
Standard Deviation (5yr)
1.5
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
-2.334
Sharpe Ratio (5yr)
-0.449
YTM
7.56
Fund Managers

Pratik Shroff

Fund Manager

Marzban Irani

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
LIC MF Banking & PSU Fund (Dividend Payout - Weekly)70%8,15,934 83,3224.5%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2024-06-12

Top Debt Holdings

7.18% govt stock 2033

6.3%
6.3%

rec limited

5.4%
5.4%

small industries development bank of india

4.5%
4.5%

power grid corporation of india limited

4.1%
4.1%

national housing bank

3.8%
3.8%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)

₹ 4,984 cr

₹ 10,797 cr

₹ 46,422 cr

₹ 14,535 cr

₹ 15,157 cr

amc-img

About the AMC

LIC Mutual Fund Asset Management Limited

LIC Mutual Fund Asset Management Limited manages assets worth 28,099 crores and was set up on 20 April 1994. It's current offering of mutual fund schemes includes 48 equity,45 debt and 36 hybrid funds.amc-img
phone-img022-66016000
Fund NameScripbox Opinion
Till Date CAGR

4.6%

7.7%

4.6%

6.6%

4.6%

6.6%

12.6%

5.6%

35.8%

10%

LIC MF Banking & PSU Fund (D-W) Review

LIC MF Banking & PSU Fund (D-W) is a Banking And Psu Debt fund and has delivered an annualised return of 4.8% over a period of 17 years. The fund was previously known as LIC MF Banking & PSU Debt Wk IDCW-P. The fund is managed by LIC Mutual Fund Asset Management Limited. The fund managers are Marzban Irani, Pratik Shroff.

Nav of LIC MF Banking & PSU Fund (D-W) as of 6/12/2024 is ₹10.06 with the total AUM as of 6/13/2024 is ₹1410.121. With Scripbox you can compare and check the latest nav for all mutual funds in India. LIC MF Banking & PSU Fund (D-W) was launched on May 28, 2007. The category risk of the fund is Moderate Risk.

The minimum SIP amount for LIC MF Banking & PSU Fund (D-W) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.

LIC MF Banking & PSU Fund (D-W) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to NIFTY Banking & PSU Debt TR INR.

LIC MF Banking & PSU Fund (D-W) is rated as a 1 fund in Debt and delivered 0.7% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with LIC MF Banking & PSU Fund (D-W).

Frequently Asked Questions

What is LIC MF Banking & PSU Fund (D-W)?

LIC MF Banking & PSU Fund (D-W) is a Banking And Psu Debt scheme predominantly investing across Debt instruments with an investment objective to generate wealth over the long term.

How to invest in LIC MF Banking & PSU Fund (D-W)?

You can invest in LIC MF Banking & PSU Fund (D-W) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of LIC MF Banking & PSU Fund (D-W)?

The minimum sip amount for LIC MF Banking & PSU Fund (D-W) is ₹1000. You can invest in multiples of ₹5000.

Is LIC MF Banking & PSU Fund (D-W) good to invest in?

As per Scripbox experts, LIC MF Banking & PSU Fund (D-W) is a Not Recommended fund. You can investLIC MF Banking & PSU Fund (D-W) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

What is the expense ratio of the LIC MF Banking & PSU Fund (D-W)?

The expense ratio of the LIC MF Banking & PSU Fund (D-W) is 0.78% for regular plan.